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China to Require Major EU Brandy Exporters to Raise Prices – or Face Tariffs
6 Articles
6 Articles
China to require major EU brandy exporters to raise prices – or face tariffs
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Cognac bottles are seen on display at a liquor store in Beijing on July 4, 2025. Photo: Greg Baker/AFP. Almost all EU brandy is cognac produced in France, exports of which to China are worth 1.4 billion euros (US$1.6 billion) per year. Beijing launched an…
China has imposed anti-dumping tariffs of between 27.7% and 34.9% on brandy imports from the European Union, a measure that takes effect on July 5, 2025. The Chinese Ministry of Commerce has thus concluded an investigation initiated in January 2024 that determined the existence of unfair competition in this sector. The decision directly affects Spanish producers such as Bodegas Osborne, Bodegas Fundador, and Miguel Torres, which face a specific …
Europe markets open: equities decline; China sets up to 34.9% tariff on EU drandy - Business Fast
Europe markets open: equities decline; China sets up to 34.9% tariff on EU drandy READ SOURCE The post Europe markets open: equities decline; China sets up to 34.9% tariff on EU drandy first appeared on Business Fast.
On Friday the Chinese Ministry of Trade issued its final resolution on the brandy originating in the EU, to which it decided to impose a 34.9% tax for a period of five years beginning on 5 July 2025. The resolution came after an investigation into the European brandy, mainly cognac from France, initiated by the Asian giant last year. Specifically, China decided to investigate imports of brandy after the European Union accused Beijing of unfair s…
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